Gulf Oil and Gas Newsletter Aug 2007 Vol 5 Issue 30

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Gulf Oil and Gas Newsletter Aug 2007 Vol 5 Issue 30

8/19/2007 3:11:00 PM

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Gulf Oil and Gas Newsletter Aug 2007 Vol 5 Issue 30

Newsletter Volume 05 Issue 30

Middle East Highlights @ GulfOilandGas

Technip Announces Conversion of Khursaniyah Gas Plant Contract Into Lumpsum Turnkey
Technip, in consortium with Bechtel, has signed a contract with Saudi Aramco for the conversion of the Khursaniyah gas plant project into a lumpsum turnkey contract. The contract was originally awarded to this consortium in March 2005 on a time unit rate basis. More...

Aker Kvaerner Awarded Process Systems Contracts
Aker Kvaerner has signed three new contracts for design and supply of oil and gas treatment packages. The total value of the three contracts is approximately NOK 160 million. One of award is with Hyundai Heavy Industries for design and supply of all inconel gas/glycol dehydration unit to to Adma Opco's Umm Shaif offshore field in the Emirates. More...

Africa Highlights @ GulfOilandGas

Total Finalizes its Entry in Prospecting Lease OPL 247 in Nigeria
Total announced that its fully-owned Nigerian subsidiary, Elf Petroleum Nigeria Limited (EPNL), has finalized the acquisition of a 36% interest in deep offshore Oil Prospecting Lease (OPL) 247, operated by Chevron. More...

Dominion Announces Acquisition of New Exploration Licence In Uganda
Dominion Petroleum has signed a Production Sharing Agreement (‘PSA’) with the Government of Uganda. The new PSA is for Exploration Block 4B, which is located in the south-west of the country, on the border contiguous with Congo, covering a total area of 2,021 square kilometres. More...

Events @ GulfOilandGas

MANGISTAU 2007
Mangystau Oil & Gas took place for the first time in October 2006 with over 50 companies from Azerbaijan, Belarus, Kazakhstan, Russia and Romania. The 2007 exhibition is expected to grow significantly and build on the success of the first event.

Energy Expo 2007
India is both a major energy producer and consumer. India currently ranks as the world’s eleventh greatest energy producer, accounting for about 2.4% of the world’s total annual energy production, and as the world’s sixth greatest energy consumer, accounting for about 3.3% of the world’s total annual energy consumption.

6th Annual National Oil Companies Summit 2007
The 6th Annual National Oil Companies Summit 2007 (4-5th December ) is a annual landmark global event for both Governments & Private Companies (and the global industry value chain) to take stock of new petroleum industry directions, changing strategies, oil and gas projects.

Oil Market @ GulfOilandGas

Oil Trade - July 07
Preliminary data show that OECD crude oil imports in May increased by around 1% from the previous month, but remained 3.6% below last year. The gain came as refiners in most OECD regions prepared for the post-maintenance season as well as rising crude oil stocks in Europe and USA. More...

World Oil Supply
World Oil Demand
Balance of Supply/Demand

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